Price Source Discretion

This is one of those lines you only notice after it has already cost you money. Translation: the price used to trigger, fill, margin, or close your trade can come from a different source than the quote you’re staring at. In stress, the broker reserves discretion over which feed is authoritative.

Brokers aggregate quotes from multiple upstream sources. When liquidity fractures (news spikes, outages, thin sessions), one feed can gap or freeze while another keeps printing. This clause gives the broker operational freedom to keep the platform functioning and to manage disputes by pointing to an ‘official’ source.

• Your stop can trigger earlier or later than you expected if the triggering feed differs.
• Margin/stop-out can occur based on a price you didn’t see on your chart.
• Disputes become harder because ‘your screenshot’ may not match the broker’s reference feed.

• Assume spread/quote regimes change around events; reduce size so feed discrepancies are survivable.
• Prefer trading windows with stable liquidity (avoid Sunday open, rollover, and thin holidays).
• If an execution looks wrong, document ticket IDs (entry/exit), timestamps, and instrument, screenshots of quotes/spread around the event window, a note of the session and whether an event/rollover was in play and request the broker’s reference quote for that timestamp.

• “At our sole discretion” appears repeatedly with no documentation.
• Execution price can be adjusted to any reference after the fact.
• They refuse to name price sources or provide audit trails.

If you trade instruments with fragmented pricing (some crypto pairs, minor FX crosses), source discretion matters more.

Your risk plan should assume that in edge cases, the broker’s decision is final. Size so edge cases are survivable.

Practical note: if you run ‘tight-stop’ tactics, price-source discretion is a first-order risk. Tight stops require precision. Precision requires aligned feeds.